Jacobs Levy Equity Management Inc. Buys 578,044 Shares of Douglas Elliman Inc. (NYSE:DOUG)

Jacobs Levy Equity Management Inc. increased its stake in shares of Douglas Elliman Inc. (NYSE:DOUG - Free Report) by 144.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 979,425 shares of the company's stock after buying an additional 578,044 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 1.10% of Douglas Elliman worth $1,636,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Diversified Investment Strategies LLC grew its holdings in Douglas Elliman by 59.5% during the 4th quarter. Diversified Investment Strategies LLC now owns 824,765 shares of the company's stock worth $1,377,000 after acquiring an additional 307,657 shares during the last quarter. Truffle Hound Capital LLC acquired a new position in Douglas Elliman during the 4th quarter worth approximately $3,340,000. Kennedy Capital Management LLC lifted its holdings in shares of Douglas Elliman by 699.8% in the 4th quarter. Kennedy Capital Management LLC now owns 443,504 shares of the company's stock worth $741,000 after purchasing an additional 388,051 shares in the last quarter. First Eagle Investment Management LLC lifted its position in Douglas Elliman by 436.1% in the 4th quarter. First Eagle Investment Management LLC now owns 1,126,312 shares of the company's stock valued at $1,881,000 after acquiring an additional 916,210 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Douglas Elliman by 11.8% during the fourth quarter. Renaissance Technologies LLC now owns 4,361,804 shares of the company's stock worth $7,284,000 after buying an additional 461,093 shares in the last quarter. 59.56% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Patrick J. Bartels, Jr. bought 15,200 shares of the business's stock in a transaction on Thursday, May 8th. The stock was acquired at an average price of $1.84 per share, with a total value of $27,968.00. Following the completion of the purchase, the director now directly owns 74,175 shares in the company, valued at $136,482. This represents a 25.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 6.79% of the stock is currently owned by insiders.

Douglas Elliman Stock Performance

Shares of DOUG stock traded up $0.02 during trading on Tuesday, hitting $2.25. The company's stock had a trading volume of 921,223 shares, compared to its average volume of 838,120. The company has a current ratio of 4.62, a quick ratio of 4.62 and a debt-to-equity ratio of 0.20. The company has a market cap of $199.66 million, a PE ratio of -2.18 and a beta of 1.52. The business has a fifty day moving average of $1.75 and a 200-day moving average of $1.86. Douglas Elliman Inc. has a 52 week low of $1.00 and a 52 week high of $2.98.

Douglas Elliman (NYSE:DOUG - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.05). Douglas Elliman had a negative net margin of 8.81% and a negative return on equity of 22.85%. The company had revenue of $253.40 million for the quarter, compared to the consensus estimate of $223.19 million.

Douglas Elliman Company Profile

Douglas Elliman Inc owns Douglas Elliman Realty, LLC, operating as a residential brokerage company in the United States with operations in New York, Florida, California, Texas, Colorado, Nevada, Massachusetts, Connecticut, Maryland, Virginia and Washington, DC In addition, Douglas Elliman sources, uses and invests in early-stage, disruptive property technology (“PropTech”) solutions and companies and provides other real estate services, including development marketing, property management and settlement and escrow services in select markets.